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Faribault Foods Uses Artificial Intelligence to Improve Forecast Accuracy During the Pandemic

Watch this 4-minute video featuring Bill Kaley, Director of Demand Planning and Forecasting at Faribault Foods, to learn how they are adapting business processes and are using AI-based forecasting technology to improve their forecasts during the COVID-19 pandemic.

To deal with unpredictable short-term fluctuations in demand, Faribault is using New Horizon to do things such as better segment demand and increase the frequency of sales and operations planning (S&OP) cycles. To plan longer-term demand, their AI-based New Horizon software automatically adjusts demand history to compensate for the skewing of demand caused by the pandemic.

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